Submitted by: Submitted by NKHAMBULE
Views: 491
Words: 1608
Pages: 7
Category: Business and Industry
Date Submitted: 04/04/2011 12:11 PM
Introduction
A project can be defined as a one-off, non repeated activity or set of tasks, which achieves clearly stated objectives within a time limit.
As per Maylor (1996), most projects have other characteristics in common such as:
They are goal orientated - the whole activity is directed at achieving the defined output or outcome;
They have clear beginnings and ends;
They have a set of constraints that limit and define the process;
Their output can be measured in terms of performance against agreed indicators.
All projects are different with different complexities and needs to be managed differently from project to project.
The balance of project dimensions are shown below which is delivering the project within the specific time, budget and of excellent quality.
Figure 1: The balance of project dimensions
There are 5 phases in a project life cycle which are:
Phase 1: Definition;
Phase 2: Planning;
Phase 3: Implementation;
Phase 4: Closure;
Phase 5: Evaluation
In the report I am going to critically evaluate the Standardisation of pricing with the security service providers for all Standard Bank branches in South Africa.
Phase 1: Definition (Preparation)
Definition is the initial phase of any project. This is where the project is defined, developing a project scope or plan and ensuring that it is signed off by the relevant stakeholders. Stakeholders is anyone who has a vested interest in the outcome of the project, which would be a Project sponsor, the end user/customers, technical expertise, suppliers/service providers, Line Manager and Project manager.
Prior to developing a project plan, it is critical to identify critical stakeholders as people are the centre of any project’s success. The project plan defines what is in scope of the project and what is out of scope in the project, it also indicates the time line of the project and the various milestones within the project timelines as well as the various sign off...